Would you like to invest in the banking sector through a mutual fund? In the current scenario maybe your answer will be no. But, is there any sector that always performs well? No matter which sector it is, each one has its own set of pros and cons. When we talk about the banking sector, it is bound to do well, as it is the medium through which government is able to charge tax on the taxable income, it is the medium through which mostly every Indian saves and earns, and the only medium through which a person’s income can be known. None of the sectors is perfect, each one has its flaws but does that mean that such sector is not worth investing? No. Sooner or later, banking sector will be back and this is the reason why you should be investing in the banking sector.
Reliance Mutual Fund started a scheme called Reliance Banking Fund on May 26th, 2003 which provides an investor with an opportunity to invest in the banking sector indirectly. Risk is always involved, no matter which scheme you invest in. As it is said, “ A ship is safe in the harbor but it is meant to be in the sea.” If you want to earn, you will have to take some risk, whether it is a banking sector or any other one.
Benefits Provided By Reliance Banking Fund
Continuous Returns - The investment objective of Reliance Banking Fund is to provide continuous returns by investing in equity and equity related securities of banking and banking related companies. Reliance Banking Fund Growth indirectly provides an opportunity to invest in banks’ stocks.
Entry and Exit Load - An investor investing in this scheme doesn’t have to bear any entry load. However, he is liable to pay 1% as exit load, in case he redeems within one year. If he redeems after one year completion, then he is not liable to bear any exit load too.
Minimum Investment - An investor can start investing in Reliance Banking Fund Growth with a minimum investment amount of Rs. 5000. In case any investor wishes to start the investment through SIP mode, then he can do so with a minimum amount of Rs. 100 only.
Fund Manager - How a fund works depends on largely on how the fund is managed. Reliance Banking Fund is managed by Mr. Vinay Sharma. He is a bachelor in architecture and has a post graduate diploma in computer management. He has worked with ICICI Prudential AMC and other such companies before joining Reliance Mutual Fund. He has been managing this fund since April, 2018. Simultaneously, he is also looking after Reliance Focused Equity Fund since May, 2018.
To invest in Reliance Banking Fund, you can log on to MySIPonline and invest in a hassle-free manner from the comfort of your own place, anytime and anywhere. In case you have any doubt, consult a financial advisor on the same platform, free of cost.
Reliance Mutual Fund started a scheme called Reliance Banking Fund on May 26th, 2003 which provides an investor with an opportunity to invest in the banking sector indirectly. Risk is always involved, no matter which scheme you invest in. As it is said, “ A ship is safe in the harbor but it is meant to be in the sea.” If you want to earn, you will have to take some risk, whether it is a banking sector or any other one.
Benefits Provided By Reliance Banking Fund
Continuous Returns - The investment objective of Reliance Banking Fund is to provide continuous returns by investing in equity and equity related securities of banking and banking related companies. Reliance Banking Fund Growth indirectly provides an opportunity to invest in banks’ stocks.
Entry and Exit Load - An investor investing in this scheme doesn’t have to bear any entry load. However, he is liable to pay 1% as exit load, in case he redeems within one year. If he redeems after one year completion, then he is not liable to bear any exit load too.
Minimum Investment - An investor can start investing in Reliance Banking Fund Growth with a minimum investment amount of Rs. 5000. In case any investor wishes to start the investment through SIP mode, then he can do so with a minimum amount of Rs. 100 only.
Fund Manager - How a fund works depends on largely on how the fund is managed. Reliance Banking Fund is managed by Mr. Vinay Sharma. He is a bachelor in architecture and has a post graduate diploma in computer management. He has worked with ICICI Prudential AMC and other such companies before joining Reliance Mutual Fund. He has been managing this fund since April, 2018. Simultaneously, he is also looking after Reliance Focused Equity Fund since May, 2018.
To invest in Reliance Banking Fund, you can log on to MySIPonline and invest in a hassle-free manner from the comfort of your own place, anytime and anywhere. In case you have any doubt, consult a financial advisor on the same platform, free of cost.
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